Hello traders of forex factory, i have been a long time lurker on forex factory but only made an account a few weeks ago, i have made this small guide for you to understand my way of thinking and trading S+D, the guide is one part of my overall methods of trading the market and supply and demand in general.
The method is focused on understanding the psychology of market participants to see where real zones are located, the typical way of trading s+d is focused on marking areas from past price history which is based on the belief that limit orders have been placed at these levels ahead of time.
This assumption is flawed, there are no limit orders at these levels why would somebody put a limit order to sell at a level then wait 2 years for price to return to it to sell again?, the whole time not knowing weather the market will return to it in the first place?
Doesn't make sense does it?
This thread will restructure the current idea's around S+D trading into something easier and more profitable which in turn will give you a better understanding of the market and the participants within it.
looking forward to discussion and ideas from you all
The method is focused on understanding the psychology of market participants to see where real zones are located, the typical way of trading s+d is focused on marking areas from past price history which is based on the belief that limit orders have been placed at these levels ahead of time.
This assumption is flawed, there are no limit orders at these levels why would somebody put a limit order to sell at a level then wait 2 years for price to return to it to sell again?, the whole time not knowing weather the market will return to it in the first place?
Doesn't make sense does it?
This thread will restructure the current idea's around S+D trading into something easier and more profitable which in turn will give you a better understanding of the market and the participants within it.
looking forward to discussion and ideas from you all